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Lincoln County/Dresden/04342

04342

ZIPSAFMR
Lincoln County, ME
Zillow

ZIP Investment Score

67Below average

095130300
BRFMR
Eff. Rent
0 BR$1,330$1,330
1 BR$1,390$1,390
2 BR$1,510$1,510
3 BR$2,090$2,090
4 BR$2,260$2,260
5 BR$2,599Not available
6 BR$2,989Not available
7 BR$3,437Not available
8 BR$3,953Not available

Purchase Price Calculator

Maximum purchase price
$162,469

Cost breakdown

+Likely effective rent$1,510
HUD FMRUsed$1,510
Market rentN/A
Est. payment standardN/A
-Principal and interest-$822
Loan amount$129,975
Down payment$32,494
Rate6.50%
Term30 years
-Operating costs-$488
Property taxes-$162
Insurance-$175
Utilities$0
HOA$0
Management-$151
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$24,349(74.9% ROI)
Projected value
$174,961
Return breakdown
Property appreciation+$12,492
Loan principal paid down+$4,657
Rental cash flow+$7,200
5-year hold
+$41,654(128.2% ROI)
Projected value
$183,819
Return breakdown
Property appreciation+$21,350
Loan principal paid down+$8,304
Rental cash flow+$12,000
10-year hold
+$89,292(274.8% ROI)
Projected value
$207,974
Return breakdown
Property appreciation+$45,505
Loan principal paid down+$19,787
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
--
Tax rate
--
Mortgage rate
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ZIP 04342 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 04342 (Dresden, ME) is $1,510 a month. That is down 6.2% from $1,610 in FY 2026. Dresden is in the Lincoln County, ME non-metropolitan FMR area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the county-wide two-bedroom FMR of $1,307. Among 32 ZIP codes in Lincoln County, 04342 is tied for the 4th-highest two-bedroom rent (county range $1,270–$1,960). The median county two-bedroom FMR in Maine is $1,371, so ZIP 04342 is 10% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 04342
BedroomsFY 2027Change90–110% range
Studio$1,330−5.0%$1,197–$1,463
1BR$1,390−5.4%$1,251–$1,529
2BR$1,510−6.2%$1,359–$1,661
3BR$2,090−5.9%$1,881–$2,299
4BR$2,260+1.3%$2,034–$2,486

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 04342
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,330$1,390$1,510$2,090$2,260
FY 2026$1,400$1,470$1,610$2,220$2,230
FY 2025$1,220$1,240$1,400$1,850$1,860
FY 2024area FMR$942$978$1,183$1,575$1,654
FY 2023area FMR$913$918$1,165$1,418$1,773

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Two-bedroom rent in nearby Lincoln County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 04342
04330$1,350−10.6%
04341$1,270−15.9%
04342Current$1,510—
04348$1,430−5.3%
04353$1,280−15.2%
04354$1,380−8.6%
04363$1,5100.0%
04535$1,320−12.6%
04537$1,270−15.9%
04538$1,300−13.9%
04539$1,310−13.2%
04541$1,310−13.2%

Questions about ZIP 04342 rents

How much will Section 8 pay for a two-bedroom in ZIP 04342?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,307, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,176 to $1,438 a month; under the ZIP-level Small Area FMR of $1,510 it would be $1,359 to $1,661. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is ZIP 04342 in?

ZIP 04342 is in the Lincoln County, ME non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,307.

How much did fair market rent change in ZIP 04342 for FY 2027?

The two-bedroom FMR fell 6.2%, from $1,610 in FY 2026 to $1,510 in FY 2027. Since FY 2025 it has risen 7.9%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set

County fair market rentDresden, ME fair market rentME statewide rentsWhat is SAFMR?Data sources